Mutual Funds and
their registrars offer some great and must-use facilities for investors. Am
sharing details of some useful facilities which I use regularly. Will do more
posts on such facilities you can use as a mutual fund investor.
Missed Call to get
folio balances via SMS – at no cost!
Are you aware that
you can give a missed call and get the all your folio balances via SMS. The
call should be given from your mobile phone number which is already registered in your folios and Karvy offers this facility free of cost.
(All balances in all my folios come in one SMS mentioning each fund - folio and the value as on date). However, this facility is only
available to investors of Funds serviced by Karvy as Registrar. Save this
number +91 92129 93399 and try the facility. After 3-4
rings the number disconnects automatically and you will get the SMS shortly. Do
get you mobile number registered in all your folios to use this facility. The
same number in all folios would mean one SMS with all values!
This is at no
expense to you!! (Among Mutual Funds, UTI Mutual Fund also offers this facility
to its investors and the number for UTI is +91
92896 07090. UTI Mutual Fund restricts this to 3 folios. If you have
more than 3 folios in UTI, use the SMS back service as below.)
Other SMS Back
Services: Both CAMS and Karvy
also offer SMS back services using which you can send an SMS to a number and
get back folio / transaction details vide SMS. However you may be charged for
sending a request SMS as per the SMS scheme you use. I do not use any SMS package and was charged Rs
3.00 by my service provider for sending an SMS to 56767 - CAMS. The request SMS to Karvy (+91 92129 93399) cost me Rs 1.50.
Links with details
of SMS service and the information you can get:
Karvy Easy SMS Services -
get one single SMS with total value of Funds, get branch address and transaction
details - try the service to one single total value of all holdings in Karvy serviced funds (this is in addition to the detailed SMS listing folios and the balances)
CAMS SMS Back Service - get folio balances separately for each folio, request for an account statement by SMS, get NAV information and transaction details
Other funds also
offer a SMS back service but it is better to use the facility offered by
registrars as this is a one-point contact for you.
Mobile Apps:
Both the
Registrars have good apps for investors. However, here CAMS scores with a superior app. Both apps
enable linking of all your folios. In CAMS app, if the same email id is
registered in your entire family's folios, you can have just one login - your
email id. Karvy's app requires the creation of a user id and then you can link
all yours and your family's folios. The links to download the apps are give
here:
Unfortunately these apps do not have any transaction capability.
They will be useful if registrars and mutual funds allow transactions through
the app. However, you can view the value of your investments, request for
immediate statements through both the apps, and see the last few transactions.
CAMS app also has nice charts giving you the total value of
your holdings asset allocation wise and mutual fund wise break up.
Any investor who wishes to keep track of her investments must
use the above facilities. I will write more on other facilities you can use in another post.
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